This Article dwells on the Impact of Interest Rate on the Growth of Financial Institutions in Nigeria. Interest rate which is the opportunity cost for capital has been theorized by many authorities in the sphere of Economics. The research work carried out by the researcher used the OLS econometric method to analyze data obtained from CBN statistical bulletin. The result of the findings showed that interest rate has an inverse relationship with the growth of financial institutions in Nigeria...
Abstract The study focused on the effect of energy consumption and environmental degradation on economic growth in Nigeria. The empirical analysis that was carried out to achieve the objectives mentioned above were diagnostic tests such as unit root, co-integration, Error Correction Model (ECM) and ordinary least square (OLS) which aimed at examing empirically the effect of energy consumption and environmental degradation on economic growth in Nigeria covering the period from 1981 to 2016. Th...
ABSTRACT This study assesses empirically effects of terrorism on the various sectors of the Nigeria economy with the real sector in view. In spite of government counter-terrorism expenditure and efforts, the incidence of terrorism in Nigeria appears to be rising. This paper examines the growth and fiscal consequences of terrorism in Nigeria by estimating the terrorism--macroeconomic relation using different measures of terror incidence. The results show that terrorism has an economically and ...
FACTORS AFFECTING THE DEVELOPMENT OF STOCKMARKET IN EMERGING ECONOMIES: A CASE STUDY OF NAIROBI STOCK EXCHANGE ABSTRACT This study examined the factors that affects capital market development specifically the case study of Nairobi Stock Exchange. It covered the period of 2005-2010 for companies listed on the stock market. In spite of the government trying to provide an enabling environment for stock market development in Kenya there has been development compared to other emerging stock market...
ABSTRACT This study analyzes the effect of external debt burden on growth and poverty in Nigeria within the framework of the error correction model, using annual time series data from 1980 - 2015. The study reveals that economic growth and poverty in Nigeria and their hypothesized determinant are generally I (1) series, with one co-integration equations existing among their linear combinations. Our results show that, the variables in the model, debt overhang, stock of external debt, and publ...
This work speaks on the importance of the youth system and the benefits the government Of Nigeria provides and how to harness those privileges.
Abstract It is widely agreed that violent conflict precipitates unfavourable socioeconomic implications on the society. Boko Haram insurgency has inflicted devastating consequences on the Nigerian polity, from the loss of lives and property to psychological pain of living in constant threat of violence. This study examines the impact of the Boko Haram insurgency on education, healthcare and economic activities in Nigeria, particularly the northeast Nigeria. The study adopted the content analy...
Abstract Domestic economic policies in Nigeria have been attributed to the recent skyrockets in food prices in the country. This paper examines the effects of food price changes on household’s consumption in Ungogo Local Government Area, Kano State. The study uses primary data sourced from administering questionnaires to one hundred households in the study area using simple random sampling technique. The data was analyzed by using both descriptive and inferential statistics. Findings of ...
Abstract Using animal power in agricultural production plays a vital role in reducing drudgery in farm operations and increasing productivity of small scale farmers in developing countries. This study was carried out to empirically investigate the relationship between Animal Traction Training intervention and farmers’ income in Kano State. Primary data were sourced via administering a structured questionnaire on two hundred farmers who benefited from the Training. Analysis of the data was...
Abstract Poverty reduction is one of the most important issues in the global development agenda because of its high prevalence and vicious effects in less developed countries. Nigeria represents the largest economy in Africa and one of the biggest producers of crude oil in the world, yet the country is counted amongst the poorest countries in the world. This paper reviews the poverty reduction strategies and programs in Nigeria using the historical research design. The paper concludes ...
AbstractIt is generally agreed that poverty, unemployment and economic in equality are the major socioeconomic problems of emerging countries; however, zakat is regarded as an instrument for poverty reduction in most of Muslim societies. The aim of this research is to analyze the role of zakat institution in poverty reduction in the emerging countries with particular reference to the Kano State Zakat and Hubsi Commission. In the process of doing that both primary and secondary data are utiliz...
CHAPTER ONE GENERAL INRODUCTION INTRODUCTION This study of research work attempt to evaluate the role of small and medium scale enterprises in rural poverty reduction of Kano state, using tailoring services in sumaila local government as a case study it is well known that sumaila area in which the predominant economic activities have been tailoring for several decades. Majority of the people living in the area both old and young are engaged in this activity. It went to the extent that eight ...
This work reviews the relationship between trade openness and price stability in Nigeria using time series annual data.
The burgeoning interest on the importance of stock market inmodern economies has reinforced the growing notion that finance is paramountto economic growth and in particular the rising debate on the fledgling state ofWest African stock markets coupled with the implications for the sub-region’semerging economies which are worrisome. Hence, the paper examines the longrun and causal relationship between stock market development and WestAfrican emerging economies in a comparative context of Ghan...
Abstract Despite the rising volume of remittances flowing to developing countries, their distributional effect on the recipient countries has been largely unexplored. We examine this topic using data from World Bank. Despitethe positive effects of emigrants remittances in terms of developing microfinance Institutions and welfare improvement of the recipient households, its negative effects ranges from appreciation of the national currency,hampering competitiveness, monetary management ...